Platinum Pre-Approval

HMA will fully-underwrite a buyer’s credit file and issue a credit approval. This underwritten pre-approval is good for 60 days and requires the following:

Borrower to provide a complete credit file, complete with credit report, income and asset documentation, and any additional documentation as required by underwriting.
Conforming, Fixed-Rate and FHA purchase loans only.
Minimum FICO and Debt-to-Income Ratio requirements apply.
Once approval is issued, if a home goes under contract for that borrower and HMA turns the loan down, we will pay the seller $2500.

Underwriting Pre-Approval decision is subject to:

Completion of Appraisal Report supporting the purchase price, if applicable
No unresolved property condition issues from a home inspection, if agreed to in the sales agreement
Insurable title from seller, free of defects or unresolved title issues
Purchase price and monthly PITI payment must remain within the limits set by the underwriting decision.
Borrower agrees not to make any significant changes to their credit profile until after the purchase transaction has been completed (e.g., buying a new car or changing employers). If such a change occurs it will invalidate an existing Underwriting Pre-Approval decision, but the borrower may request to be re-approved with the new information.
Borrower must not voluntarily withdraw their mortgage application.